UPGRADES DOWNGRADES AND NEUTRALS....
E V PARTNERS ANNOUNCES GUIDANCE...
AND BITTER COLD NEXT WEEK FOR THE NORTHEAST!
Credit Suisse this morning put out opinions on a bunch of MLPS so we'll run it through for you It says Boardwalk Partners (BWP) will outperform; Williams Partners (WPZ) and Energy Transfer Partners (ETP) will be market performers; Crosstex Energy (XTEX) will underperform. Citigroup is on the horn this morning cutting Sunoco Logistics (SXL) from buy to hold and RBC Capital also cuts SXL to marketperform from outperform. Also in the hit em while their down department Wachovia is cutting Eagle Rock Partners (EROC) to market perform from outperform.
Relatively new issue E.V. Partners is updating guidance this morning which includes updating their investor presentation on their website. They are forecasting reserves will increase 191% as the Michigan deal closes. I think this could be the next "LINE" based on it having already preannounced its Q-1 distribution...based on yield this one should be in the upper 20s.
Chart shows support in the mid 22's to low 23's...logical buy point and as always this is in my never to be humble opinion.
No other news headlines this morning. Energy is up with crude up 41 cents after yesterday's decline. Natural gas is up 15 cents. Another shot of bitter cold air will be heading for the northeast early next week and i would not be surprised to see temperatures near or below zero in places with this particular shot of arctic air. This should put a bid under natural gas. Stock futures are higher by nearly 5 points so there is general market support. Fed meeting starts today and ends tomorrow so watch 10 year yields which if past patterns hold..yields will drop after the meeting. I don't think they pose a problem for MLPS unless yields break above 5% on the 10 year.
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